In this paper, we aim to outline the initiation and evolution of Global Financial Crisis that spread over the world during 2008 and 2009. We analyze the infl uence of fi nancial crisis on emerging Europe countries and Turkey based on main macroeconomic indicators including both monetary and fi scal policy instruments. After that some policy implementations are discussed. The fi nancial crisis has showed that strong fi nancial linkages and trade dependencies among national economies make the integrated markets open to signifi cant short-term and long-term fi nancial risks with extensive real economic consequences and recovery takes substantial time and effort. Precautionary measures, structural reforms and new policies are vital for growing economies to rebound.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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